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Business development is the creation of long-term value for an organization from customers, markets, and relationships. [2] Business development can be taken to mean any activity by either a small or large organization, non-profit or for-profit enterprise which serves the purpose of 'developing' the business in some way.
Research and development (R&D or R+D) [1] is the set of innovative activities undertaken by corporations or governments in developing new services or products. [ 2 ] [ 3 ] [ 4 ] R&D constitutes the first stage of development of a potential new service or the production process.
The QSE Enterprise Development score is calculated in terms of contribution towards enterprise development activities. These are contributions aimed at facilitating the sustainable growth or establishment of new "black owned" enterprises. The goal is that a measured entity spend 2% of its Net Profit After Tax (NPAT) on enterprise development ...
Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by many national agencies and international organizations such as the World Bank, the OECD, European Union, the United Nations, and the World Trade Organization (WTO).
A firm's value creation is the difference between V (the value of the product being sold) and C (the cost of production per each product sold). [ 8 ] Value creation can be categorized as: primary activities ( research and development , production, marketing and sales, customer service ) and as support activities (information systems, logistics ...
In the traditional definition of business development, new business development is mostly seen as growing an enterprise, with a number of techniques.The mentioned techniques differ, but in fact all of them are about traditional marketing.
Aspects of a business represented by a business architecture diagram [1]. In the business sector, business architecture is a discipline [citation needed] that "represents holistic, multidimensional business views of: capabilities, end-to-end value delivery, information, and organizational structure; and the relationships among these business views and strategies, products, policies ...
The international definition according to the Federation of Enterprise Architecture Professional Organizations is "a well-defined practice for conducting enterprise analysis, design, planning, and implementation, using a comprehensive approach at all times, for the successful development and execution of strategy.